Adjustment to Q3 2009 sales figures
October 20 2009 - 9:31AM
UK Regulatory
TIDMHOC
RNS Number : 0979B
Hochschild Mining PLC
20 October 2009
________________________________________________________________________
20 October 2009
Adjustment to Q3 2009 sales figures
Hochschild Mining plc ("Hochschild") reports that it has made a non-material
adjustment to the Q3 sales figures announced in its Interim Management Statement
("IMS") on 7 October 2009, as shown in the table below.
The production numbers reported for Q3 and the Company's expectations for its
full year targets remain unchanged.
Adjusted 2009 Sales Figures:
+--------------------------------+----------+----------+----------+----------+
| | Q3 | Q3 | | |
| | 2009 | 2009 | 9 mths | 9 mths |
| | adjusted | reported | 2009 | 2009 |
| | | | adjusted | reported |
+--------------------------------+----------+----------+----------+----------+
| Total | | | | |
+--------------------------------+----------+----------+----------+----------+
| Silver sold (koz) | 6,722 | 6,969 | 17,627 | 17,874 |
| | | | | |
+--------------------------------+----------+----------+----------+----------+
| Gold sold (koz) | 57.69 | 61.15 | 156.31 | 159.76 |
| | | | | |
+--------------------------------+----------+----------+----------+----------+
| Average realisable price for | 956.28 | 957.53 | 920.70 | 921.95 |
| gold ($/oz) | | | | |
+--------------------------------+----------+----------+----------+----------+
| Average realisable price for | 14.83 | 14.82 | 13.69 | 13.71 |
| silver ($/oz) | | | | |
+--------------------------------+----------+----------+----------+----------+
| San Jose1 | | | | |
| | | | | |
+--------------------------------+----------+----------+----------+----------+
| Silver sold (koz) | 1,536 | 1,783 | 4,083 | 4,330 |
| | | | | |
+--------------------------------+----------+----------+----------+----------+
| Gold sold (koz) | 24.68 | 28.14 | 57.99 | 61.45 |
| | | | | |
+--------------------------------+----------+----------+----------+----------+
The Company has a 51% interest in San José.
The revised Q3 IMS will be available on the Company's website at
www.hochschildmining.com.
Enquiries:
Hochschild Mining plc
Isabel Lütgendorf +44 (0)20 7907 2934
Head of Investor Relations
Finsbury
Robin Walker +44 (0)20 7251 3801
Public Relations
About Hochschild Mining plc:
Hochschild Mining plc is a leading precious metals company listed on the London
Stock Exchange (HOCM.L / HOC LN) with a primary focus on the exploration,
mining, processing and sale of silver and gold. Hochschild has over forty years'
experience in the mining of precious metal epithermal vein deposits and
currently operates four underground epithermal vein mines, three located in
southern Peru, one in southern Argentina and one open pit mine in northern
Mexico. Hochschild also has numerous long-term prospects throughout the
Americas.
Forward looking statements
This announcement contains certain forward looking statements, including such
statements within the meaning of Section 27A of the US Securities Act of 1933,
as amended, and Section 21E of the Securities Exchange Act of 1934, as amended.
In particular, such forward looking statements may relate to matters such as the
business, strategy, investments, production, major projects and their
contribution to expected production and other plans of Hochschild Mining plc and
its current goals, assumptions and expectations relating to its future financial
condition, performance and results.
Forward-looking statements include, without limitation, statements typically
containing words such as "intends", "expects", "anticipates", "targets",
"plans", "estimates" and words of similar import. By their nature, forward
looking statements involve risks and uncertainties because they relate to events
and depend on circumstances that will or may occur in the future. Actual
results, performance or achievements of Hochschild Mining plc may be materially
different from any future results, performance or achievements expressed or
implied by such forward looking statements. Factors that could cause or
contribute to differences between the actual results, performance or
achievements of Hochschild Mining plc and current expectations include, but are
not limited to, legislative, fiscal and regulatory developments, competitive
conditions, technological developments, exchange rate fluctuations and general
economic conditions. These factors, risks and uncertainties are referred to in
the Risk Management section of the 2008 Annual Report. Past performance is no
guide to future performance and persons needing advice should consult an
independent financial adviser.
The forward looking statements reflect knowledge and information available at
the date of preparation of this announcement. Except as required by the Listing
Rules and applicable law, the Board of Hochschild Mining plc does not undertake
any obligation to update or change any forward looking statements to reflect
events occurring after the date of this announcement. Nothing in this
announcement should be construed as a profit or production forecast.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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